Starbase

Just in: BlackRock’s Asia Pacific fixed income head Navin Saigal says a rate cut—not hike—could be justified under new Fed Chair Warsh, contrasting market bets on tighter policy. Lower rates = tailwind for risk assets, including #Web3 and crypto. Markets may be mispricing the next move. Keep an eye on liquidity shifts.

🚨 Brian Armstrong (Coinbase CEO) just laid out where finance still needs to catch up: 🏠 Real estate, stocks, bonds → on-chain 💸 Stablecoins for instant, low-cost global transfers 🌐 Open protocols → fewer middlemen 📱 Self-custody wallets for smartphone users 🤖 AI-driven risk, credit, compliance ⚖️ Innovation-friendly regulation “The work isn’t done until these run for everyone.” #Web3 #Crypto #Tokenization #RWA #Stablecoins #FutureOfFinance

10x Research's Bitcoin trend model has turned bearish as MicroStrategy's "never sell" narrative cracks. Michael Saylor hinted at potential future sales of its 843k BTC stash, triggering ~$2.7B outflows from spot Bitcoin ETFs. #Bitcoin #CryptoNews #Web3

10｜RWA下一阶段竞争什么？ Pantera给出的答案很明确： 未来竞争不属于最擅长包装资产的人。 而属于最擅长重新设计金融产品的人。 互联网最终没有停留在“报纸网站”时代。 同样，RWA也不会永远停留在“带区块链收据的传统资产”阶段。 真正的机会来自区块链原生能力——可编程性、原子结算、连续市场和可组合性。 这或许才是RWA行业未来十年的核心增长逻辑。

9｜代币化的四阶段路线图 Pantera提出了代币化发展的四个阶段： ① Wrap（包装） ② Connect（连接） ③ Compose（组合） ④ Originate（原生） 目前约88%的资产仍停留在第一阶段。 而真正具备抵押、借贷、组合收益和自动化治理能力的资产，才刚刚开始进入第三阶段。

【Pantera研报解读：当几乎每家银行都在谈RWA与代币化时，真正实现链上原生金融的资产可能不到3%。】 Pantera追踪593项代币化资产、3211亿美元市场规模后发现：77.6%的资产仍停留在“Wrapper（包装层）”，仅获得了一张区块链收据，而发行、赎回、托管和结算等核心环节依然依赖传统金融体系。 代币化已经完成了“资产上链”的第一步，但距离真正发挥区块链的可编程性、原子结算和可组合性，还有很长的路要走。 以下是Starbase对这份报告的核心解读：

🚀 Big #RWA momentum! JPMorgan's blockchain platform Kinexys tops 1.5Tincumulativevolume,processing1.5Tincumulativevolume,processing2B+ daily. Plus: ✅ Tokenized treasury fund filed to meet GENIUS Act reserve requirements ✅ $3.4B in iShares Bitcoin Trust ✅ JPM Coin heading to Canton Network for institutional deposit token settlement Real-world assets are going digital at scale. 📈🔗 #Tokenization #DigitalAssets

Update: The U.S. SEC has delayed its plan to allow tokenized stock trading, citing regulatory concerns and opposition. Now re-evaluating risks & market impact. A pivot, but not the end for RWA tokenization. 👀 #SEC #CryptoNews

🚨 CFTC & NHL just signed an MoU to boost integrity in sports event contracts & prediction markets. As platforms like Kalshi & Polymarket surge (especially post-2024 election), regulators are stepping up info-sharing & monitoring to protect market fairness. Prediction markets are entering the mainstream regulatory spotlight. 🏒📊 #Web3 #PredictionMarkets #CFTC #NHL

🚀 MoonPay launches MoonPay Trade — a new platform for banks & fintechs to access tokenized assets, DeFi protocols, and stablecoin liquidity across 200+ chains. it integrates with Aave, Morpho, Maple Finance for on-chain lending & yield. 📊 Tokenized RWA now exceeds $33B (+3x in a year). BlackRock, Franklin Templeton, JPMorgan are already in. #RWA #DeFi #Tokenization

Singapore’s MAS has revoked the MPI license of Bsquared Technology, citing risk management gaps, policy failures, and multiple instances of false information during application & inspections. The firm must now return all client funds. A rare enforcement move in the DPT space. #Web3 #Compliance #MAS

🚨 EU launches public consultation on MiCA! The framework is being reviewed for relevance in fast-evolving digital asset markets, covering ART, EMT, CASP rules. Two feedback tracks: open + technical. Deadline Aug 31. 🌍 Driven by global competition from US & Asia. 📅 MiCA transition ends July 2026. 🇳🇱 Zerohash becomes first firm with both MiCA CASP license + Dutch EMI license. 🇵🇱 Poland passes local MiCA law. #MiCA #CryptoRegulation #Web3 #EU